How much of john fillmore''s inheritance must be invested


John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Jack has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $350,380 when he retires in 6 years. Assuming quarterly compounding of amounts invested at 12%, how much of John Fillmore's inheritance must be invested to have enough at retirement to buy the boat?

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Accounting Basics: How much of john fillmore''s inheritance must be invested
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